Question 1

What is the conforming loan limit in Santa Clara County?

Accepted Answer

The 2026 conforming limit is $1,209,750. Loans above that require jumbo financing.

Question 2

Do jumbo loans require a bigger down payment?

Accepted Answer

Most jumbo lenders want 10-20% down. Conventional loans allow as little as 3% for qualifying buyers.

Question 3

Are jumbo rates higher than conventional rates?

Accepted Answer

Not always. Jumbo and conventional rates run close. Rates vary by borrower profile and market conditions.

Question 4

What credit score do I need for a jumbo loan?

Accepted Answer

Most jumbo lenders require 700 or higher. Conventional loans allow scores as low as 620.

Question 5

Can I use a conventional loan in Los Altos Hills?

Accepted Answer

Only if your loan amount stays under $1,209,750. Most homes here exceed that threshold.

Question 6

How many months of reserves do jumbo lenders require?

Accepted Answer

Requirements vary, but 12 months of liquid reserves is a common benchmark on jumbo loans.

Conventional vs Jumbo Loans in Los Altos Hills